Scotts Miracle-Gro

Scotts Miracle-Gro Co. engages in the manufacturing, marketing, and sale of products for lawn and garden care and indoor and hydroponic gardening. Its products and services include lawn care, gardening and landscape, hydroponic hardware and growing environments, lighting, controls, and marketing agreement. It operates through the following segments: U.S. Consumer, Hawthorne, and Other. The U.S. Consumer and Other segments manufacture and market branded consumer lawn and garden products. The U.S. Consumer segment consists of consumer lawn and garden business in the United States. The Hawthorne segment manufactures, markets, and distributes lighting, nutrients, growing media, growing environments, and hardware products for indoor and hydroponic gardening in North America. The company was founded by Orlando McLean Scott in 1868 and is headquartered in Marysville, OH.

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Scotts Miracle-Gro exceeds Q1 sales goal, eyes cannabis growth

Scotts Miracle-Gro (SMG) reported strong Q1 performance, exceeding sales goals and achieving profitability milestones.
Despite challenges in the Hawthorne segment, the company remains optimistic about growth opportunities in the cannabis sector.
Commitment to disciplined growth strategies, pricing strength, and leveraging free cash flow for debt repayment and potential reinvestment.
Focus on consumer engagement, market recovery, and maintaining liquidity to drive future success.

Scotts Miracle-Gro reports strong Q2 performance amidst industry challenges

Scotts Miracle-Gro (SMG) reported strong Q2 performance in the US Consumer business, with cost reductions and efficiency gains contributing to improved free cash flow.
While facing challenges in the Hawthorne segment, the company remains focused on reaching breakeven and aligning with the cannabis market's realities for improved performance.
Opportunities lie in positive industry developments, potential pricing adjustments, strategic partnerships in the cannabis market, and value creation initiatives.
Despite margin hindrances, Scotts Miracle-Gro (SMG) is optimistic about the season's progress and committed to growth strategies and profitability through innovation and partnerships.

Scotts Miracle-Gro faces challenges but eyes growth opportunities in 2024

Scotts Miracle-Gro faced challenges in meeting its targets but saw growth in consumer retail sales, with a focus on debt reduction and maintaining dividend payments.
The company is on track with its debt reduction plan, aiming for $1 billion over 2 years, and is exploring opportunities for margin accretion and partnerships for future growth.
Despite short-term financial challenges, Scotts Miracle-Gro is implementing cost-saving measures, focusing on broadening retailer relationships, and anticipating a return to $600 million EBITDA next year.
The Hawthorne business is stabilizing, aiming for profitability, exploring partnerships, and considering strategic actions to address industry challenges, while maintaining a commitment to debt reduction.

Scotts Miracle-Gro reports fiscal '23 improvements, eyes growth in '24

Scotts Miracle-Gro's fiscal '23 performance showcased financial discipline and operational improvements despite sales challenges, setting the stage for growth in fiscal '24.
The company's focus on core consumer, marketing, innovation, and strategic solutions positions it well to capitalize on opportunities for revenue growth and margin enhancement.
While facing challenges such as sales declines and margin pressures, Scotts Miracle-Gro's strategic outlook for fiscal '24 emphasizes growth, profitability, and operational efficiency.
By addressing concerns, leveraging data analytics, and enhancing marketing efforts, Scotts Miracle-Gro aims to drive performance and shareholder value in the upcoming year.

Scotts Miracle-Gro reports strong Q1 results, focuses on profitability

Scotts Miracle-Gro's Q1 performance reflects positive growth and margin improvement strategies.
The company is focused on profitability, leveraging strengths in North America and retail partnerships.
Challenges include managing leverage, transitioning Hawthorne to profitability, and SG&A adjustments.
Opportunities lie in volume growth, partnerships, and sustainable reinvestment for future growth.

Scotts Miracle-Gro surpasses financial targets and navigates industry challenges

Scotts Miracle-Gro delivered strong financial performance, exceeding targets and showcasing growth in consumer business. The focus on proprietary brands, partnerships, and cost optimization reflects a commitment to long-term success.
Challenges include pending deals, achieving profitability in Hawthorne, and navigating the evolving cannabis industry landscape. Opportunities in advertising, strategic partnerships, and cost optimization pave the way for future growth.
Overall, Scotts Miracle-Gro's Q2 earnings call highlighted solid performance, strategic initiatives, and a positive outlook for future sales growth. Management's focus on financial metrics, consumer engagement, and profitability sets a strong foundation for continued success.

Scotts Miracle-Gro reports strong Q3 performance and strategic growth focus

Scotts Miracle-Gro delivered a robust performance in Q3 2024, showcasing growth in net sales, profitability, and market share across its key divisions, driven by strategic initiatives and operational efficiencies.
While facing challenges related to increased SG&A expenses and market dynamics, the company's focus on debt reduction, margin improvement, and financial discipline positions it well for long-term success and sustainable growth.
With opportunities to capitalize on its strong market position, drive innovation, and optimize pricing strategies, Scotts Miracle-Gro is poised to navigate challenges and leverage growth prospects for enhanced shareholder value.

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Analysts from JPMorgan and Stifel said Scotts Miracle-Gro Corp. stock is trading at a discount, but duked it out over whether the fertilizer and hydroponic equipment company deserves it.

The Ratings Game: Stifel and JPMorgan analysts trade blows on Scotts Miracle-Gro's valuation

JPMorgan Chase & Co. analyst Jeffrey J. Zekauskas on Wednesday upgraded shares of Scotts Miracle-Gro Co. SMG, -0.08% to overweight from neutral on the basis of the stock's lower valuation after a 54% drop in the past year.

JPMorgan upgrades Scotts Miracle-Gro on valuation

Scotts Miracle-Gro (NYSE: SMG) is experiencing the “cannabis effect” and we should have seen it coming. They got into the cannabis business with the acquisition of Hawthorne way back when there was still some optimism the industry was going to boom

There Are Weeds In The Garden At Scotts Miracle-Gro

The Scotts Miracle-Gro Company (SMG) CEO Jim Hagedorn on Q2 2022 Results - Earnings Call Transcript

Scotts (SMG) delivered earnings and revenue surprises of 7.25% and 1.67%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Scotts Miracle-Gro (SMG) Q2 Earnings and Revenues Top Estimates

Scotts Miracle-Gro Co. SMG, +2.03% shares rose 2% Tuesday after it reported a drop in second-quarter profit to $276.5 million, or $4.94 a share, from $310 million, or $5.43 a share, in the year-ago quarter. The fertilizer maker and owner of Hawthorne hydroponics for the cannabis industry said its adjusted profit fell to $5.03 a share from $5.64 a share.

Scotts Miracle-Gro profit falls but beats expectations

Company announces Hawthorne acquisition of Cyco, Australia-based nutrient brand Company announces Hawthorne acquisition of Cyco, Australia-based nutrient brand

ScottsMiracle-Gro Announces Record Second Quarter U.S. Consumer Sales; Lawn & Garden Demand Gaining Ground After Weather-Driven Delays

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ScottsMiracle-Gro's (SMG) Q2 performance is likely to have benefited from strength in the U.S. Consumer segment and cost savings.

Scotts Miracle-Gro (SMG) to Post Q2 Earnings: What's in Store?

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MARYSVILLE, Ohio, April 20, 2022 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE SMG), one of the world's largest marketers of branded consumer lawn and garden products, will release its second quarter financial results on Tuesday, May 3, 2022, prior to the opening of the U.S. financial markets. The Company will host a conference call to discuss those results at 9:00 a.m. ET.

ScottsMiracle-Gro Announces Timing of Second Quarter 2022 Financial Results and Conference Call

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Scotts Miracle-Gro is in a terrific position to maintain long-term dividend growth, thanks to rebounding free cash flow and a stellar business model.

Scotts Miracle-Gro: Deep Value Dividend Growth Stock

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The Scotts Miracle-Gro Co. SMG, -1.38% -backed RIV Capital Inc. RIV, -5.45% CNPOF, -3.03% said Wednesday it agreed to pay about $247 million to acquire Etain LLC and Etain IP LLC, the New York cannabis market's only women-owned and operated business and one of 10 approved vertically integrated operators in the state. RIV Capital is backed by $150 million in debt from The Hawthorne Collective Inc., the cannabis unit of Scotts Miracle-Gro.

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News for Scotts Miracle-Gro Stock (SMG)